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Hamilton Road
235 HAMILTON ROAD
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235 HAMILTON ROAD $999,800
$999,800
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235 HAMILTON ROAD
London, Ontario N5Z1P9

MLS® Number: X8417200
8 + 3
Bedrooms
6
Bathrooms
-
Square Feet

Listing Description

Legal Five-Unit Property Consisting Of Four Two-Bedroom Units And One Large Three-Bedroom Unit. Each Unit Has One Bath, Kitchen, And Its Own Private Laundry. Meticulously Updated. All Units Are Large In Size And Each Has Its Own Hydro Meter And Separate Entrance. Located In An Excellent Rental Area. Annual Income Projected At $95,340 Per Year. Unit #1 Rented At $1,550 + Hydro, Unit #2 Rented At $1,500 + Hydro, Unit #3 Advertised At $1,395 + Hydro, Unit #4 Advertised At $1,700 + Hydro, Unit #5 Rented At $1,900 + Hydro. Cap Rate Of 7.5%. An Amazing Investment Opportunity With Three Of Five Units Currently Tenanted. Property Management Is Processing Leads To Fill The Remaining Two Units. Expenses For Past 12 Months Approximately: $9,600 For Gas & Water, $3,312 For Property Management, $6,012 For Insurance, And Maintenance Estimated At 2% Of Gross Rent, $1,931. Total Expenses Are Estimated At $20,903 Annually. The Buyer And The Buyer's Agent Are Responsible For Verifying All Income And Expenses. (35428305)

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
2
Community Name
EastL
Land Size
39.34 x 108.26 FT ; 129.91ft x 32.00ft x 108.26ft x 39.94ft|under 1/2 acre
Annual Property Taxes
$6,012
Total Parking Spaces
0
Time on REALTOR.ca
28 days

Building

Bedrooms
Above Grade
8
Below Grade
3
Bathrooms
Total
6
Interior Features
Appliances Included
Dryer, Range, Stove, Two Washers, Two stoves, Washer
Basement Type
Partial
Building Features
Foundation Type
Unknown
Heating & Cooling
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Parking
Total Parking Spaces
0
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
MICHEAL WILLIAM DESORMEAUX
Salesperson
905-361-9098
Email
Book showing
ROCK STAR REAL ESTATE INC.
Brokerage
418 IROQUOIS SHORE RD #103A
OAKVILLE, Ontario L6H0X7
905-361-9098
905-338-2727
Office Website

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MICHEAL WILLIAM DESORMEAUX